Organisation: US Securities and Exchange Commission

People News: Former White House lawyer returns to private practice

A former counsel in President Joseph Biden’s White House has rejoined Gibson Dunn & Crutcher, and a retired US district court judge has entered private practice.

22 February 2024

US regulator asks Dutch accounting firms to expand exam cheating probes

15 February 2024

SEC fines more investment firms for off-platform messaging

The US securities enforcer slapped more than $81 million in fines on 16 investment firms for “pervasive and longstanding uses” of unapproved messaging platforms by employees at various levels of the corporate ladder.

09 February 2024

FCPA Docket: Raytheon uncovers misconduct in bribery probe

US defence contractor Raytheon disclosed that an internal investigation into improper payments linked to contracts in the Middle East has confirmed that misconduct did occur and the US Chamber of Commerce has accused the SEC of improperly expanding the SEC to go after corporate conduct that the foreign bribery law was never intended to police.

07 February 2024

Chinese tech company avoids SEC penalty over alleged accounting breaches

The Beijing-based cloud services provider gave the SEC summaries of internal interviews with witnesses in China and turned over “certain key documents originally written in Chinese” during the US regulator’s investigation.

07 February 2024

Calavo Growers discloses FCPA probe

The California-based food distributor said it has voluntarily disclosed an internal investigation to the SEC and DOJ into possible FCPA violations in Mexico.

05 February 2024

Novartis announces end of DPA

A US court has formally dismissed FCPA charges filed by US prosecutors against the company’s Greek subsidiary in 2020, the company said in an annual report.

02 February 2024

When #MeToo Intersects with US Government Enforcement: Sexual Misconduct as Securities Fraud

Featured in Americas Investigations Review 2024

The #MeToo Movement has exposed significant and pervasive sexual misconduct taking place within corporate organisations and government regulators are increasingly using white-collar statutes to prosecute actions against companies they believe have acted inappropriately. White collar defence and government investigations practitioners must be cognisant of the significant risk of investigation and prosecution by the US Securities and Exchange Commission, the Department of Justice and international regulators, as well as the risk of shareholder suits that frequently follow government enforcement actions.

23 January 2024

JPMorgan to pay $18m over alleged whistleblower violations

JPMorgan’s securities arm has agreed to pay $18 million to resolve claims by the US Securities and Exchange Commission that the company breached whistleblower protections by preventing clients from reporting potential securities law violations.

17 January 2024

Short-seller: Deloitte “failed to act” on Tingo Group fraud claims

11 January 2024

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